En japan : 〔Delayed〕1st Quarter FY March 2022 Earnings Announcement (Consolidated)

en Japan Inc.

1st Quarter FY March 2022 Earnings Announcement [Japan GAAP] (Consolidated)

August 16, 2021

Company Name	en Japan Inc.	Listing Exchanges	First Section of the Tokyo Stock Exchange
Stock Code	4849		URL		https://corp.en-japan.com/
Representative (Title)	President	(Name)	Takatsugu Suzuki
Contact (Title)		Administration Division	(Name)	Toshio Hijikata	Telephone [phone]
	Director
Scheduled Date for Submission of Quarterly Report	August 16, 2021
Scheduled Date to Begin Dividend Payments	-
Preparation of Quarterly Summary Supplementary Explanatory Materials	Yes
Quarterly Earnings Briefing				No

(Figures rounded down to nearest million yen)

1. FY Ending March 2022 Cumulative First Quarter Operating Results (From April 1, 2021 to June 30, 2021)

(1) Consolidated Operating Results (cumulative)	(percentages indicate percent change from prior fiscal year)
	Net Sales	Operating Income		Ordinary Income	Profit Attributable to
		Owners of Parent
	Million yen	%	Million yen	%			Million yen	%	Million yen	%
FYE 3/22 1st Qrtr	12,060		15.5	2,310	85.1			2,314	87.2	1,515		145.1
FYE 3/21 1st Qrtr	10,442		-24.1	1,248	-57.0			1,236	-57.2	618		-67.8
(Note) Comprehensive income	FYE 3/22 1st Qrtr 1,912 million yen (263.9%)	FYE 3/21 1st Qrtr 525 million yen (-72.3%)
		EPS		Fully Diluted EPS
			Yen			Yen
FYE 3/22 1st Qrtr		33.84			33.82
FYE 3/21 1st Qrtr		13.79			13.75
(2) Consolidated Financial Position
	Total Assets		Net Assets				Net Asset Ratio
		Million yen			Million yen			%
FYE 3/22 1st Qrtr			48,036			35,810				73.5
FYE 3/21			46,644			36,856				77.8
(Reference) Core capital FYE 3/22 1st Qrtr	35,301 million yen		FYE 3/21 36,311 million yen
2. Dividends
					Dividends per Share
	1st Quarter-end	2nd Quarter-end	3rd Quarter-end		Year-end		Full Year
		Yen		Yen		Yen		Yen			Yen
FYE 3/21		-		0.00			-		37.10			37.10
FYE 3/22		-
FYE 3/22 (projected)				0.00			-		72.50			72.50

(Note) Revisions to the Company's latest dividend forecast: None

No

Yes

Yes No

No No

3. FY Ending March 2022 Projected Consolidated Operating Results (April 1, 2021 - March 31, 2022)

(Percentages indicate year-on-year changes for the full year and for the quarter.)

	Net Sales		Operating Income	Ordinary Income	Profit Attributable to	EPS
		Owners of Parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Half year	23,818	15.3	4,122	41.3	4,128	37.8	2,825	82.3	63.08
Full year	51,000	19.4	10,000	28.7	9,999	25.9	6,842	95.4	152.77

(Note) Revisions to the Company's latest operating results projections: None

• Notes
• 1. Changes in material subsidiaries during the cumulative quarter under review (Change in

specific subsidiaries that will accompany a change in scope of consolidation)

Newly included	None	(Name of company) -
Exclusion	None	(Name of company) -

(2) Adoption of special accounting treatment used in preparation of the quarterly consolidated financial statements

1. Changes in accounting policy, changes in accounting estimates, or restatement due to correction

a. Changes in accounting policy accompanying amendment of accounting principles: b. Changes in accounting policy other than "a."

c. Changes in accounting estimates: d. Restatement due to correction:

Notes to Changes in Accounting Policy

1. Number of shares issued (common share)

a. Number of shares issued at the end of the period (including treasury shares)

FYE 3/22 1st Qrtr	49,716,000 shares	FYE 3/21	49,716,000 shares
b. Number of shares of treasury shares at the end of the period
FYE 3/22 1st Qrtr	4,841,029 shares	FYE 3/21	4,923,672 shares
c. Average number of shares issued during the period (Quarter Year-to-Date)
FYE 3/22 1st Qrtr	44,797,770 shares	FYE 3/21 1st Qrtr	44,829,940 shares

Notes on Number of Shares Issued

• The quarterly earnings announcement is not within the scope of the quarterly review procedure by a certified public accountant or an audit corporation.
• Explanation regarding appropriate use of operating results projections, other special notes
  (Cautionary Notes on Forward-Looking Statements)
  Forward-looking statements including projected operating results contained in this report and supplementary materials are based on information currently available to the Company and on certain assumptions deemed as rational, and are not intended to guarantee achievements by the Company. Actual results may differ significantly from such projections due to various factors.

Attachments Table of Contents

1. Quarterly	Consolidated Financial Statements and Key Notes .............................................................................................................	- 2 -
(1)	Quarterly Consolidated Balance Sheets...............................................................................................................................	- 2 -
(2)	Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income ..........	- 3 -
(3)	Notes regarding Quarterly Consolidated Financial Statements ...........................................................................................	- 5 -
	(Notes Relating to the Going Concern Assumption)........................................................................................................	- 5 -
	(Changes in Accounting Policy) ......................................................................................................................................	- 5 -
	(Adoption of Special Accounting Treatment Used in Preparation of the Quarterly Consolidated Financial Statements)- 5	-
	(Notes on Significant Changes to Shareholders' Equity) .................................................................................................	- 6	-
	(Segment Information).....................................................................................................................................................	- 6	-
	(Business Combination, etc.) ...........................................................................................................................................	- 6	-

• The Company plans to post supplementary materials to explain its financial results on its website today. Please refer to the following URL.
  https://corp.en-japan.com/IR/

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1. Quarterly Consolidated Financial Statements and Key Notes

1. Quarterly Consolidated Balance Sheets

(Unit: Million yen)

	Previous Fiscal Year	First Quarter of Current
	Fiscal Year
	(As of March 31, 2021)
	(As of June 30, 2021)
Assets
Current assets
Cash and deposits	26,374	27,241
Notes and accounts receivable - trade	4,347	4,395
Securities	2,031	2,033
Other	1,079	951
Allowance for doubtful accounts	-108	-95
Total current assets	33,724	34,527
Non-current assets
Property, plant and equipment	621	585
Intangible assets
Goodwill	2,840	2,859
Other	4,158	4,188
Total intangible assets	6,999	7,047
Investments and other assets
Investment securities	2,285	2,266
Shares of subsidiaries and associates	132	132
Other	3,239	3,838
Allowance for doubtful accounts	-359	-361
Total investments and other assets	5,299	5,876
Total non-current assets	12,920	13,509
Total assets	46,644	48,036
Liabilities
Current liabilities
Accounts payable - trade	434	533
Income taxes payable	955	855
Provision for bonuses	1,122	650
Provision for directors' bonuses	2	-
Advances received	2,307	4,264
Other	3,438	4,311
Total current liabilities	8,260	10,615
Non-current liabilities
Provision for share benefits	389	399
Asset retirement obligations	203	203
Other	934	1,007
Total non-current liabilities	1,527	1,610
Total liabilities	9,788	12,226
Net assets
Shareholders' equity
Capital stock	1,194	1,194
Capital surplus	998	911
Retained earnings	39,399	38,035
Treasury shares	-5,228	-5,111
Total shareholders' equity	36,365	35,030
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	113	117
Foreign currency translation adjustment	-167	153
Total accumulated other comprehensive income	-53	271
Subscription rights to shares	136	137
Non-controlling interests	408	371
Total net assets	36,856	35,810
Total liabilities and net assets	46,644	48,036

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(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income

Quarterly Consolidated Statements of Income

Cumulative First Quarter

		(Unit: Million yen)
	Cumulative First	Cumulative First
	Quarter of the Previous	Quarter of the Current
	Fiscal Year	Fiscal Year
	(From April 1, 2020	(From April 1, 2021
	to June 30, 2020)	to June 30, 2021)
Net sales	10,442	12,060
Cost of sales	2,347	2,378
Gross profit	8,094	9,681
Selling, general and administrative expenses	6,846	7,371
Operating income	1,248	2,310
Non-operating income
Interest income	10	23
Dividend income	10	9
Foreign exchange income	3	-
Other	5	10
Total non-operating income	28	43
Non-operating expenses
Interest expenses	10	0
Loss on investments in partnership	21	25
Foreign exchange losses	-	10
Provision of allowance for doubtful accounts	5	-
Other	3	2
Total non-operating expenses	40	39
Ordinary income	1,236	2,314
Extraordinary income
Gain on sales of non-current assets	-	0
Gain on sales of investment securities	-	33
Total extraordinary income	-	33
Extraordinary losses
Impairment loss	235	-
Loss on retirement of non-current assets	8	0
Total extraordinary losses	243	0
Profit before income taxes	993	2,347
Income taxes-current	390	773
Total income taxes	390	773
Profit	602	1,574
Profit (loss) attributable to non-controlling interests	-15	58
Profit attributable to owners of parent	618	1,515

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